For Sale
724 S New St, Champaign, IL, 61820
Investment at a glance
Annual Revenue
$43K
Gross Yield
13.4%
Occupancy
70%
Cap Rate
8.0%
Whether you're looking to expand your investment portfolio or purchase a fully furnished home with immediate income potential, this turnkey short-term rental is a rare opportunity. The buyer must honor all existing Airbnb/VRBO reservations currently in place through November 8th, 2026, allowing for a seamless transition while continuing to generate income. The property has produced more than $52,000 in gross short-term rental revenue over the past 12 months. Recently renovated and thoughtfully furnished, this stylish home comfortably accommodates up to six guests with one king bedroom, one queen bedroom, and two twin beds. The spacious finished basement provides a second living area, offering plenty of room for guests to relax. Outside, enjoy the private fenced backyard with a patio, perfect for entertaining or unwinding, along with convenient access to nearby parks and sports fields. The sale includes all furnishings, decor, housewares, linens, and equipment necessary to continue operating as a successful short-term rental, making this a truly turnkey investment. Additional features include a one-car attached garage and a central location that has consistently attracted guests. Whether you choose to continue its successful Airbnb operation or make it your own after existing reservations conclude, this property offers exceptional flexibility and value. Manage yourself or established management happy to continue.
Interested in this property?
Ask about this property and we will follow up quickly.
Tell us about the deal and we'll hand-pick 2–3 lenders who specialize in properties like this one. Connecting with our DSCR and conventional lending partners is free, and you approve every introduction.
Free · No credit pull · Takes about a minute